Reuters: Angola News

WAfrica Crude-Angolan July programme slimmer

Wed, 16 May 2012 17:30:59 +0000

LONDON, May 16 (Reuters) - The July loading programme of Angolan crude showed a fall in exports from June, likely to support differentials once dealing kicks off, traders said on Wednesday. The loading schedule showed Angola would export about 1.56 million barrels of crude oil per day (bpd) in July, excluding Palanca and Gimboa. It listed 51 cargoes. "It is a small programme. I am not sure if Gimboa or Palanca are available," a trader of physical West African crude said. "Also loo

UPDATE 2-Angola's crude exports set to fall in July

Wed, 16 May 2012 11:39:02 +0000

* July volume lowest since June '11, 15 pct fall from Feb (Adds details)

Brussels approves Western oil majors JV for Angola LNG

Wed, 16 May 2012 09:36:01 +0000

BRUSSELS, May 16 (Reuters) - The European Commission approved on Wednesday a proposal from Britain's BP, U.S. oil major Chevron, Italy's Eni and France's Total and Angola's Sonangol to take control of Angola LNG joint venture to develop liquefied natural gas projects.

DIARY-Southern & South Africa to March 2013

Wed, 16 May 2012 05:00:01 +0000

This diary is updated daily. All times are provisional and in GMT; add two hours to get South African time.

WAfrica Crude-June Nigerian cargoes clear

Tue, 15 May 2012 17:04:45 +0000

LONDON, May 15 (Reuters) - June loading cargoes of Nigerian crude started clearing promptly in last minute demand ahead of the release of the July loading programme, traders said on Tuesday. "June programmes are clearing better than was the case for May," a trader said. Traders said about 10-15 of about 70 June loading Nigerian cargoes were left unsold. NIGERIA * Traders said CNOOC has closed a mini-tender to sell Akpo June 26-27 loading. * ChinaOil bought two carg

Dubai's Ridge Capital buys Egypt asset firm Rashad

Tue, 15 May 2012 16:41:05 +0000

CAIRO, May 15 (Reuters) - Dubai-based regional investment bank Ridge Capital has bought 100 percent of Egyptian asset management firm El Rashad Holding, which is expanding its Islamic financing business, its financial adviser said on Tuesday.

Soccer-African Confederation Cup draw

Tue, 15 May 2012 15:20:49 +0000

CAIRO, May 15 (Reuters) - Draw for the fourth round of the African Confederation Cup made on Tuesday: Maghreb Fes (Morocco, holders) v AC Leopards (Congo) Al Hilal (Sudan) v Club Olympique Bamako (Mali) Academie Football Amadou Diallo (Ivory Coast) v Wydad Casablanca (Morocco) Al Merreikh (Sudan) v Black Leopards (South Africa) Djoliba (Mali) v Club Africain (Tunisia) Dynamos (Zimbabwe) v InterClube (Angola) Stade Malien (Mali) v Olympique Meknes (Morocco)

DIARY-Southern & South Africa to March 2013

Tue, 15 May 2012 05:00:01 +0000

This diary is updated daily. All times are provisional and in GMT; add two hours to get South African time.

UPDATE 1-W.Africa nations to send troops to Bissau in days

Mon, 14 May 2012 19:20:11 +0000

ABUJA, May 14 (Reuters) - West Africa's regional bloc ECOWAS will deploy troops to Guinea Bissau by Friday to oversee reform of the local army and a gradual one-year transition to civilian rule after an April 12 coup, Nigeria said on Monday.

WAfrica Crude-Qua/Bonny price spread widens

Mon, 14 May 2012 18:13:48 +0000

LONDON, May 14 (Reuters) - The price premium for Nigerian Qua Iboe crude oil widened on Monday over Bonny Light, which remained under a force majeure declared earlier in May. Traders said the Qua Iboe price has risen partly because of demand for it as an alternative to Bonny Light since the force majeure, while actual dealing remained very thin. Historically, gasoline-rich Qua Iboe and Bonny Light have traded at the same or very similar spot differentials to the dated Brent benchmark.